. Given the intensified global trade tension, the October 2018 World Economic Outlook of the International Monetary Fund cut its global economic projection for 2018 and 2019 to 3.7 percent, compared to the
. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in
government’ s measure to peg retail Diesel price at THB 30 per liter, in order to alleviate tension for consumers and businesses in the transport sector during times of high fuel price; although there was a
production reduction period by 9 months to the end of December 2018. The market received pressure from the tension in the Middle East due to the conflict between Saudi Arabia and Iran over concerns of war in
decline during the aforementioned period was a result of the tension caused by the trade war between the US and China escalating in intensity – leading to decline in oil demand. Moreover, the Thai Baht has
increasing its oil production continuously. Further tension is mounted with Saudi Arabia’s efforts to increase its market share through Saudi Aramco; the Saudi Arabian government’s state enterprise, announced
weighted down from concerns over economic recession; after the US reported that the short term bond yield has exceeded the long term bond yield. However, oil price was supported by the high tension being
, namely the Eurozone, Japan and Britain, may see an economic slowdown due in part to their political instability. Moreover, global trade tension would further intensify, which may dampen investors
election slated in November 2020. Even though tension over the US-China situation eased somewhat after Phase One of a trade deal was reached in mid-January 2020, the details of any further negotiations are
uncertain timing of the Federal Reserve’s policy rate hikes, as well as geopolitical rifts on the Korean peninsula and ongoing Middle East tension. These factors caused the Baht’s value and Thai interest